revenue bond

noun

: a bond issued by a public agency authorized to build, acquire, or improve a revenue-producing property (such as a toll road) and payable out of revenue derived from such property

Examples of revenue bond in a Sentence

Recent Examples on the Web Ross Brown, principal fiscal and policy analyst with the LAO, said the state pays about $5 billion annually in debt service, which includes payment for general obligation bonds and lease revenue bonds, from the general fund. Taryn Luna, Los Angeles Times, 1 Mar. 2024 In addition to seeking industrial revenue bonds, the company also has applied for state workforce development grant and a grant from the U.S. Department of Energy's battery manufacturing and recycling program. Karl Ebert, Journal Sentinel, 16 Jan. 2024 The group says the price tag can be paid through a municipal revenue bond that would be amortized over 30 years and pledges to support union workers. Rob Nikolewski, San Diego Union-Tribune, 14 Feb. 2024 The Oceanside City Council will consider a resolution Wednesday to support Mirka Investments’ request for the California Municipal Finance Authority to issue revenue bonds for a total of up to $20 million for the South River Village project. Phil Diehl, San Diego Union-Tribune, 8 Jan. 2024 As envisioned by Power San Diego’s backers, the price tag would be paid through a municipal revenue bond. Rob Nikolewski, San Diego Union-Tribune, 18 Nov. 2023 The state hadn’t passed a tuition revenue bond bill since 2015. Sasha Richie, Dallas News, 15 Sep. 2023 Encinitas will issue lease revenue bonds to cover the $6 million cost to purchase a prime bit of coastal Leucadia real estate and preserve it as open space, the City Council decided Wednesday. Barbara Henry, San Diego Union-Tribune, 21 Sep. 2023 The Gary/Chicago International Airport Authority could save about $100,000 a year by refinancing its 2015 revenue bonds in the current market. Carole Carlson, Chicago Tribune, 14 Sep. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'revenue bond.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1856, in the meaning defined above

Time Traveler
The first known use of revenue bond was in 1856

Dictionary Entries Near revenue bond

Cite this Entry

“Revenue bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/revenue%20bond. Accessed 29 Mar. 2024.

Legal Definition

revenue bond

see bond sense 2

More from Merriam-Webster on revenue bond

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